Bear, Delaware Real Estate & Housing Market

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Bear Housing Information

Index	Bear	Delaware	National
Median home price	$180,000	$233,100	$184,700
Median rent asked	$1,342	$1,039	$949
Avg. people per household	2.9	2.6	2.6
Owner occupied households	64.7%	70.9%	63.6%
Renter occupied households	35.3%	29.1%	36.4%

A general summary of the real estate market in Bear, DE is listed above. Properties in Bear, DE average a cost of $180,000, which is 23% lower than the median home price for real estate located in Delaware. This means that the region of Bear, DE is, on average, more affordable when compared to the remainder of Delaware. Since tenants living in Bear, DE will pay an average of $1,342, the median rental cost is 29% higher than in Delaware. 64.7% of people in Bear, DE own their own homes, and an average of 2.9 people inhabit each property. Bear, DE has many assorted real estate listings available. These range from urban townhouses to inexpensive condos to luxurious residences. We make finding homes for sale and browsing real estate listings effortless. Simply use the search function above, and obtain filtered results according to price, location, bathrooms and bedrooms.

Bear Home Affordability

When starting your search for real estate in Bear, DE, it is crucial to consider home affordability. When calculating home affordability, the ratio of home price to median household income is one of the methods that is applicable in doing so. On average, a home in Bear, DE costs $180,000 while each household has an average income of $66,250. Consequently, the ratio of home price to household income is 2.7x; this ratio is 29% lower than the average in Delaware. Calculating the home affordability ratio involves dividing the average price of a home by the average income of homes in Bear, DE. When the ratio of home price to income is relatively low, the implication is that homes are more affordable on the basis of the home price in comparison with the home income. Note that besides home price to median household income ratio, there are various other factors to put into consideration when determining if home affordability exists. Check the home affordability calculator shown below to calculate how much you can afford to pay for real estate in Bear, DE.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Lincoln University, PA	1,819	$0	100%
Marcus Hook, PA	2,420	$78,800	57%
Linwood, PA	3,461	$95,100	49%
Salem, NJ	4,931	$96,600	48%
Trainer, PA	1,671	$102,100	45%
Bear, DE	19,904	$180,000	3%

Cities with similar population

City, State	Population	Home Price	National Avg.
Rolla, MO	19,904	$129,300	30%
Eastchester, NY	19,912	$567,800	207%
South San Jose Hills, CA	19,914	$298,900	62%
Lake Ronkonkoma, NY	19,882	$341,400	85%
Germantown, WI	19,927	$235,300	27%
Bear, DE	19,904	$180,000	3%

Source: The Bear, DE housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).